{"id":19340,"date":"2024-05-14T16:55:26","date_gmt":"2024-05-14T14:55:26","guid":{"rendered":"https:\/\/www.etifor.com\/en\/?p=19340"},"modified":"2026-07-07T11:32:03","modified_gmt":"2026-07-07T09:32:03","slug":"next-energy-group","status":"publish","type":"post","link":"https:\/\/www.etifor.com\/en\/portfolio\/next-energy-group\/","title":{"rendered":"Powering the Future, Preserving the Planet<\/span>"},"content":{"rendered":"
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Context<\/span><\/h2><\/span>
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We are in the midst of a pivotal energy transition. According<\/a> to the International Energy Agency (IEA), \u201cThe world is on track to add more renewable energy in the next five years than has been installed since the first commercial renewable energy power plant was built more than 100 years ago\u201d<\/span>. Solar photovoltaic (PV) energy is leading the way<\/a>, accounting for more than three-quarters of renewable capacity additions in 2023 and surpassing wind for the first time<\/span>. Looking ahead, solar PV capacity is expected to double or triple by 2028 and become the Earth\u2019s main energy source by 2040 (Ibid).\u00a0<\/span><\/p>\n

The positive impacts of solar energy on mitigating climate change<\/strong> are evident and essential. However, like any economic activity, solar energy development both impacts and depends on nature. Solar PV land requirements will increase<\/strong> commensurately with demand, and photovoltaic supply chains have less-evident impacts and dependencies on mineral, metal, water, and land use, emissions, pollution, and other pressures on nature and biodiversity. In order to avoid potential trade-offs\u00a0 between the climate and nature crises, we need to integrate nature in the energy transition.<\/span><\/p>\n<\/div>

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The project<\/span><\/h2><\/span>
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NextEnergy Group – in collaboration with Etifor – is developing a robust and holistic strategy<\/strong> to assess, manage, and disclose its nature-related risks and opportunities related to solar energy investment, development, and asset management. NextEnergy Group\u2019s nature strategy<\/a> builds on best practices and frameworks – including the Taskforce for Nature-related Financial Disclosures (TNFD) and Science Based Targets for Nature (SBTN) – to align itself with the Kunming-Montreal Global Biodiversity Framework and anticipate the growing demand for nature disclosures and due diligence. <\/span><\/p>\n

The strategy aims to effectively and transparently manage physical and transition risks<\/strong> in their direct operations and supply chains, align with global nature, climate, and biodiversity targets, and demonstrate the ambition and resilience of their business model to their stakeholders.\u00a0<\/span><\/p>\n<\/div>